v3.25.2
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Electric $ 958 $ 891 $ 1,896 $ 1,814
Natural gas 260 244 887 857
Other 8 8 20 21
Total operating revenues 1,226 1,143 2,803 2,692
Operating expenses        
Electric fuel and purchased power 309 303 629 644
Cost of natural gas sold and transported 80 89 344 408
Cost of sales — other 1 1 3 5
Operating and maintenance expenses 238 239 480 473
Demand side management expenses 50 36 112 76
Depreciation and amortization 270 248 543 492
Taxes (other than income taxes) 73 65 141 138
Total operating expenses 1,021 981 2,252 2,236
Operating income 205 162 551 456
Other income, net 10 19 16 28
Allowance for funds used during construction — equity 30 18 52 31
Interest charges and financing costs        
Interest charges and other financing costs 102 95 201 183
Allowance for funds used during construction — debt (13) (6) (22) (12)
Total interest charges and financing costs 89 89 179 171
Income before income taxes 156 110 440 344
Income tax (benefit) expense 0 (9) 26 6
Net income $ 156 $ 119 $ 414 $ 338